Forecast: Sold Production of Essential Oils in Italy

Based on the forecasted data for the sold production of essential oils in Italy from 2024 to 2028, there is a steady year-on-year increase in value, indicating a healthy growth trajectory. In 2023, the actual value stood below 487.24 million Euros. Looking ahead, the year-on-year growth rates show consistent increment, culminating in a Compound Annual Growth Rate (CAGR) for the period of around 2.3% per year, highlighting a promising upward trend for the industry.

Future trends to watch for include:

  • An increasing demand for natural and organic products, which may drive higher production levels.
  • Potential market expansion within Europe and globally due to rising awareness of essential oil benefits.
  • Technological advancements in extraction and production processes that may enhance efficiency and yield.

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